Guangdong Yuehai Feeds completes initial employee stock transfer

Guangdong Yuehai Feeds Group Co. Ltd. announced the completion of the non-trading transfer for the initial grant portion of its 2025 employee stock ownership plan. On September 3, 2025, 7,479,800 shares of the company's stock, previously in its buyback dedicated securities account, were transferred to the plan's dedicated account. These shares represent about 1.07% of the company's current total share capital. Following this, the buyback account holds 3,120,268 shares, or about 0.45% of total share capital.

The stock ownership plan shares originated from the company's buyback dedicated securities account, which by January 17, 2025, held 10,600,068 shares at an average price of 6.44 yuan per share, totaling 68,289,737.16 yuan. The initial grant involved 259 employees, with 58.866m units subscribed, raising 58,866,000 yuan. The purchase price for the buyback shares was 7.87 yuan per share.

The lock-up period for the initially granted shares is 12 and 24 months from the date of the last share transfer to the plan's account, with 50% unlocking in each period. The company's management stated the plan is designed to be independent of the controlling shareholder and management.